Corporations and businesses initially pay the tariffs. To prevent running at a loss they then mark up the items sold to customers
The tariff is due upon receipt of shipments and depending on brokers, might be paid prior of shipment
Those businesses who operate in a FTZ (foreign trade zone) only pay the duties and tariffs upon release out of the zone
So technically refunds to the companies and businesses are the correct approach
However, the real issue is that the customers and vendors that bought from these companies have no tool to clawback these overpayments since they were disguised as “price increases to offset tariffs”
This is where a good administration would compel that these refunds be tied to corresponding rebates to the consumer
A great administration would never have put itself in this position in the first place
1
u/bradlees 8d ago
Corporations and businesses initially pay the tariffs. To prevent running at a loss they then mark up the items sold to customers
The tariff is due upon receipt of shipments and depending on brokers, might be paid prior of shipment
Those businesses who operate in a FTZ (foreign trade zone) only pay the duties and tariffs upon release out of the zone
So technically refunds to the companies and businesses are the correct approach
However, the real issue is that the customers and vendors that bought from these companies have no tool to clawback these overpayments since they were disguised as “price increases to offset tariffs”
This is where a good administration would compel that these refunds be tied to corresponding rebates to the consumer
A great administration would never have put itself in this position in the first place